Issues for Canadians Chapter 6 Reviewaramma

Canada is said to have this kind of economy..

What are the 3 basic factors of production that limit the supply of what people want and need?

An organization of workers that acts to protect workers' rights and interests.

Those who create products and services.

What's best for society as a whole. 

Negotiating as a group. This is a key right established by unions for workers.

Resource industries are exclusively controlled by the state in this type of economy.

Demand is about what people want. It involves...

Which of the following would you most likely see when a country shifts right on the continuum?

Which of the following would you likely see if the economy shifted left?

This is a shift in the economic continuum towards more government involvement in the economy.

The idea that resources are limited is called...

This is an example of a crown corporation in Canada's history.

The wants and needs of consumers for products and services. 

This is a shift in the economic continuum toward less government involvement in the economy.

This happens when one producer controls all supply of a product or service.

In economics, the part of the economy owned and controlled by businesses and individuals.

Supply is about producing things people want.  It involves...

Those who use products and services.

The part of the economy owned and controlled by government and paid for by taxes.

In this state, the supply of a product can meet the demand for a product at a particular price.

The United States is said to have this kind of economy.

The study of the production, distribution, and consumption of goods and services.

Rivalry among producers to sell products to consumers. 

In a true market economy, the government would be most unlikely to...

The products and services created by producers.

This is about producers striving to get consumers to buy their products.